UK Sanctions 3 Crypto Firms Over Russia Ties
💰 The UK has sanctioned crypto payment processors Cryptomus and Heleket, along with Kyrgyzstani exchange TokenSpot, due to their connections to illicit financial activities linked to Russia's sanctions evasion.
🔍 Chainalysis revealed that Cryptomus and Heleket received funds from over 15,000 illicit counterparties, surpassing all mixing services in terms of illicit inflows, while TokenSpot was traced to significant transactions involving sanctioned exchanges.
🚫 The sanctions are part of a broader effort, with the UK also targeting oil companies and individuals involved in supplying materials for military purposes, aiming to cover over 90% of Russia's oil production capacity.
💰 The UK has sanctioned crypto payment processors Cryptomus and Heleket, along with Kyrgyzstani exchange TokenSpot, due to their connections to illicit financial activities linked to Russia's sanctions evasion.
🔍 Chainalysis revealed that Cryptomus and Heleket received funds from over 15,000 illicit counterparties, surpassing all mixing services in terms of illicit inflows, while TokenSpot was traced to significant transactions involving sanctioned exchanges.
🚫 The sanctions are part of a broader effort, with the UK also targeting oil companies and individuals involved in supplying materials for military purposes, aiming to cover over 90% of Russia's oil production capacity.